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Legalization

Cannabis stocks continue to tumble | Power & Politics



Canada’s cannabis industry has seen a downturn in stock prices in the first year of legalized weed. To read more: »»» Subscribe to CBC …

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47 Comments

  1. Cam Battley doesn't know Math lol. Trulieve did 70m Revenue USD, ACB did 76m Cad lol. Thats 14m Cad Difference lol. Aww Cam:). I can Teach ya Math, just give me 100k shares, like you get every month for Adding no net income to balance sheet .

  2. Apparently you don't know how kickbacks work pal. The government throttles the number of stores, the price crashes, causing stock prices to drop. One company absorbs the rest and pays the government a kickback for keeping the market small. If you're not one of the companies paying a kick, you're one of the ones being forced out.

  3. Britain is the largest exporter of cannabis in the world grown by British sugar in Norfolk
    Its illegal to possess unless grown under licence given by home secretary
    The home secretary at the time Teresa May
    Her husband is relationship manager to British sugar
    Kaching $€£
    His company gets 15%
    2017 British sugar had a minus 20m turnover
    2018 once selling cannabis 80m profit
    Canada receives the bulk of our crap weed
    I blame the crown

  4. PHARMACUTICAL COMPANIES ARE LOBBYING AGAINS CANNABIS COMPANIES BECAUSE THEY ARE A REPLACEMENT FOR MANY DRUGS WITH TONES OF SIDE EFFECTS……

  5. I think the federal government did a good job with legalization, the provincial government here in ontario on the other hand AWFUL. There are no stores within a 200km radius of me and i live in south western ontario. Doug is FORCING people who dont want to wait for shipping to buy on the black market. the federal government is maybe a bit too strict with packaging and marketing but their handling of the production itself and regulating the companies is top notch. people should see the facilities our legal weed is grown in. no doubt the best quality of weed in the world. people complaining about price? you get what you pay for. there is good value on OCS. people just dont look hard enough and dougie isnt allowing a review system so people can know whats good and what isnt.

  6. I imagine homegrown will eventually be like diy personal consumption beer and wine making. Less monitoring by govt agencies and fewer convictions for growing one or two plants "over the line". More homegrown craft type varieties will be the eventual "trend". Haven't heard of any diy beer/wine folks being busted for brewing an extra dozen bottles lately. With the march of time authorities will place their time and dollars pursuing real crime.

  7. Cannabis industry is still pretty young…and with all the quality and pricing issues, the black market is alive and well however this won't be the case forever…the black market won't compete in the medical, edibles and skin/haircare segment as effectively and these products will slowly drag the illegal market down….it's just a question of time.

  8. "Tens of thousands of new jobs." Canada's state oligarchy of corporate pot monopolists doesn't know the culture and certainly deserves to fail miserably. Businessmen do not know how to grow pot. Support your local black markets.

  9. Funny one of the construction company's needed workers to help out EPCOR . However the workers had to take a pee test to work on a EPCOR sight . NOT ONE WORKER PAST !

  10. You can bet your life savings that these suggested regulation changes favor Large corporations , and limits/eliminates small sellers. Sounds like they want laws to grant them a monopoly like they almost have in the Medical sections.

  11. Funny u need a suit to be in grow room, if your maintaining cannabis without chemicals u shouldn't have to wear protective gear . Chemicals guys!! wake up

  12. damn this dude talked a lot without saying anything. what a mouthpiece. 'global leadership position blah blah blah have a conversation blah blah blah"

  13. I am in the cannabis industry in Vancouver.
    The real issues are, consumers do not want overpriced poor quality corporate cannabis.
    Consumers prefer small retail shops and products from small Craft Growers.
    Until sensible regulations and amendments to the Canadian cannabis act happen, the black market will continue to flourish.
    This talking head from the corporate cannabis world mentioned tens of thousands of new jobs, in British Columbia there are approximately 200,000 people still involved in the black market industry and have no intention of stopping, isn’t it best to bring these popular and well established independent shops and producers into sensible regulations?
    Lastly, mainstream media is to blame for the ongoing negative spin they have on cannabis use while at the same time continually endorsing alcohol, so let’s start there and then move from that point in order to change opinions about cannabis use and cannabis users, sounds fair enough?
    Please feel free to follow me on Twitter and Instagram @vanpatsow ✌️😊🇨🇦

  14. Well what did you expect, there is a large demographic difference between the medicinal users and the occasional casual users, this should warn you of the overhype and overproduction, not underproduction within Canada, it's export is going to be slow throughout the world as countries grapple with legalization, and any blowback from the existing use, like what's going on with the oxycoton industry.

  15. The provinces, on balance screwed up the launch. I thought I read somewhere that l
    in the first year, PEI sold more legal pot than BC. You messed up when you have like, what, 30-40x the pop. of a province and was outsold by them. Here, in Ont, there are more stores, but they are spread out sporadically, with the great majority (obv) in and around Toronto. The selection at the one store near me is not good, and their prices are around double what private dealers tend to sell for.

    The federal govt. also messed up. The packaging rules are federally applied, the packaging rules that basically require 20g or so of packaging for as little as 1g of product. For a government supposedly focusing on the environment, this seem like a big 'oof' or 'yikes'to me, as the kids might say. Im not even an environmentalist-type, and I see the obvious hypocrisy in this set up.

    The mail-in retailers do it much more efficiently: most just double vac pack the producrt, which is aleeady stored in a UV resistant bag. It isnt perfect, either, but the amount of packaging at leadt scales to the amount of product.

    I would genuinely like to see the govt get this balance correct, but out of the gate (and I can sort of understand why) they seem to have taken the most cautious approach to legalization they could possibly have thought up, and then said not good enough, and spent another month tightening it down further.

    Once theres a few years worth of data to analyze, one of the provincial models ought to have emerged as the best in terms of per capita utilisation and sales, as well as customer experience and public safety. It going ro take a while, but they'll get there, its just not clear how many of these early adopter corporations will still be standing by then, and will there be some newly licenced challengers to step up in their place?

  16. In the beginning weeds prices were fixed to compensate growers who faced incarceration for breaking laws to cultivate marijuana. Now that the"legal" growers face no such threats why has the price of cannabis increased rather than decreased? Greed maybe?

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